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StreetInsider.com High Tickers, 7/11/2020
July 10, 2020 1:10 PM EDT
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Sq. (NYSE: SQ) acquires Sew Labs, an operations administration platform for rising commerce manufacturers. Sew Labs has a robust background in constructing key instruments for companies comparable to stock and order administration, channel administration, and achievement options. The group will be part of our Vendor group, the place we’re desperate to study from their expertise and experience to assist us higher serve sellers.Whereas Sew Labs gained’t tackle any new clients, Sew Lab’s merchandise will proceed to function for present clients till Spring 2021. Long run, we plan to sundown Sew Labs’s merchandise so the group can concentrate on constructing out Sq. instruments, and we’ll work with present clients to make sure that they’ve the sources and choices they should be profitable transitioning off the platform.We’re excited to welcome Sew Labs to the Sq. group!
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